Lasco Financial Services Ltd 2021 AR2
The report outlines LASCO Financial Services Limited's financial and operational performance for the fiscal year ended March 31, 2021. Despite challenges from the COVID-19 pandemic, the company achieved a net profit of $156.75 million, reversing a loss of $56.92 million in the previous year. The remittance segment showed strong resilience, while the microfinance and cambio segments faced headwinds due to economic disruptions. The company also advanced its digital transformation by launching the LASCO PAY Prepaid MasterCard and receiving approval for its ecommerce platform, LASCOBiz, in the Bank of Jamaica's regulatory sandbox.
Company: Lasco Financial Services Ltd
Sector: Financials
Country: Jamaica
Year: 2021
Type: AR2
Pages: 129
Lasco Financial Services Ltd
Annual Report
The report outlines LASCO Financial Services Limited's financial and operational performance for the fiscal year ended March 31, 2021. Despite challenges from the COVID-19 pandemic, the company achieved a net profit of $156.75 million, reversing a loss of $56.92 million in the previous year. The remittance segment showed strong resilience, while the microfinance and cambio segments faced headwinds due to economic disruptions. The company also advanced its digital transformation by launching the LASCO PAY Prepaid MasterCard and receiving approval for its ecommerce platform, LASCOBiz, in the Bank of Jamaica's regulatory sandbox.
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Document Details
Report Year
2021
Reporting Period
Apr 1, 2020 - Mar 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board
Employees